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EGMC005 Solution

The document contains 70 multiple choice questions about business and entrepreneurship topics including idea generation, advantages of entrepreneurship, GST features, valuation methods, types of firms, essential entrepreneur attributes, business plan purposes, ownership levels, startup funding sources, and the stages of a new venture.

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kunwar aneja
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1K views

EGMC005 Solution

The document contains 70 multiple choice questions about business and entrepreneurship topics including idea generation, advantages of entrepreneurship, GST features, valuation methods, types of firms, essential entrepreneur attributes, business plan purposes, ownership levels, startup funding sources, and the stages of a new venture.

Uploaded by

kunwar aneja
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1) The first step in the startup process is often the – A – Idea Generation

2) Which one is not an advantage of entrepreneurship – D – Taking business decision alone


3) The GST act 2017 have the following features – B – Streamlining & cross
4) In which of the following valuation methods various metrics like number – C – Scorecard
Valuation method
5) _ is a person within an organization – C - Intrapreneur
6) A group of companies or individuals hat invests money in new – C – Venture capital firms
7) Idea generation cannot be done – C – Framing a problem
8) Team domain analysis using mullin’s seven – B – What are the reasons
9) Which of the following factors are/is not essential attribute of an entrepreneur – D – Only ii & iv
10) _ is conducted to solve an immediate problem – A – Action Research
11) Which one of the following is not an attribute of an entrepreneur – D – Risk Averter
12) Innovation can be promoted in an organization by – D – All of the above
13) The business plan will help in identifying the – C – Purpose and feasibility
14) Having more than 50% ownership – A – Majority interest
15) A new venture’s business plan is - D – All of the above
16) Artistic work under the design act – B – Calendars
17) In a _ there is a legal separation of ownership – C – Company
18) _ scheme is promoted by government – B – MUDRA
19) According to peter drucker – D – All of the above
20) _ governs the policies related to foreign trade policy – A – The foreign trade 1992
21) Which of the following factor will help a new venture – C – Innovative Idea
22) Consider the two statements related to startup funding – C – i is correct, ii is incorrect
23) Commercial viability of product & scalability – A – Financial
24) Strength and weakness of a business – A – Market domain
25) Risk and uncertainty is high in case _ - B – Creation of venture
26) Which of the following statement is/are correct – C – A business plan is prepared
27) _ is a working model of a product & its – B – Prototype, higher
28) A venture in its early stage – D – Family & angel
29) Which of the following statement is/are correct about Indian startups – D – Only i & ii
30) Consider the two statements ITC, On mobile Infosys – C – Both intrapreneurship
31) _ Refers to focus & systematic identification – A – Managerial succession
32) What are the factors influencing – D – Structural and behavioural
33) _ manages money – A – Venture capitalist, Angel
34) Which of the following is least likely – D – Weather conditions
35) The stage at which a company reaches – D – Death
36) Motivation to entrepreneurship is due to – D – Risk-taking
37) _ is the stage when the new competitors – B – Hyper
38) Which of the following statement is/are correct for startup india program – C -_ ii & iii
39) When customer expectations regarding – A – Customer satisfaction
40) Which of the following parameters is not considered in behavioral – D – Talent management
41) Which of the following is/are reason(s) for business failure – D – All of these
42) GST is a consumption – D – Destination
43) According to peter drucker sources of – C – Process needs
44) Which one the following is not a factor of the macro – B – Suppliers of raw material
45) In which exit strategy, employees – c – ESOPS
46) Entrepreneurial ventures of India attract – D – All of these
47) Which of the following is a challenge in the valuation – D – Uncenainity
48) Entrepreneurs are best as – D – Creators
49) Raman started a venture – C – Both
50) Which of the following are correct? Entrepreneur is an individual or group of people who
innovate – B – i & ii
51) Five C’s – D – Character, coll, capa,condi,capital
52) Which of the following is incorrect – D – Many players
53) Major disadvantage(s) – A – Family
54) Difference between an “entre” & “manager” – B – Entrepreneur innovator
55) For startups, one typical source – C – Angel
56) _ is/are the critical success – D – All
57) A _ refers to a startups that is rapidly – C – Soonicorn
58) One of the following is not a feature od “design” – B – Non pattern
59) Radical candor – B – Both i&ii
60) Which of the following is/are levied – C – IGST
61) _ is a business with two or more – B – Partnership
62) According to Schumpeter - D – All
63) Startups boom in – D – All
64) Funds are generally – B – When the product is in the early
65) Good sources of information – D – All
66) The final step in the start-up – B – Launch of IPO
67) Case 1 – The case refers to _ of – A – Planning stage
68) Simran depicted the attribute of – Visionary ability
69) Following problem solving technique is not – D – All of the above
70) Idea generation – A – Market research

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